All Risk Insurance

(redirected from Multi-Peril Policy)

All Risk Insurance

Marine cargo insurance which covers most perils except strikes, riots, civil unrest, capture, war, seizure, civil war, piracy, loss of market, and inherent vice.

All Risk Insurance

An insurance policy that covers all possible claims not specifically excluded. All risk insurance is found only in property insurance. Homeowners insurance in sometimes all risk insurance. If one's homeowners insurance is an all risk policy and the house burns down, the insurance policy covers it unless the agreement states categorically that it will not cover destruction by fire. All risk insurance is usually quite expensive.
References in periodicals archive ?
Under this partnership, Maison will write supplemental wind and hail policies combined with Brotherhood Mutual's commercial multi-peril policy platform for Texas and as of June 2015, it started to cover risks associated with select policy renewals together with Brotherhood Mutual.
In the early 1950s, the homeowners' insurance policy was introduced and the special multi-peril policy was developed to combine commercial lines policies.
One contract is a multi-peril policy that adds crime coverage as an option.
That rule sometimes becomes important when one insurer has issued a multi-peril policy and another is providing monoline coverage.
one who can demonstrate seven years of coverage under a comprehensive general liability policy, commercial multi-peril policy or similar policies during any continuous 14-year period ending before 1986) must submit pending claims for potential settlement.
Regis") sought declaratory judgment to resolve a dispute over the extent of its coverage obligations to All-American Rathskeller ("Rathskeller") under a special multi-peril policy.
For businesses, the commercial multi-peril policy, introduced in 1958, combined commercial property and general liability and coverages such as boiler and machinery or marine.

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